EURUSD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0266
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0281
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
LONG
BTC - Time cycles unlock some key insights BTC is very clearly able to be carved out into time cycles, or 'Hurst' cycles, which are regular appearing patterns of units of time which can help us in informing price action. Looking at BTC, it's clearly cutting into cycles of about 40 days with the price action within each cycle very clearly going in either direction - apart from one! Looking at the most recent cycle we just entered into, the price action is likely to rise and continue to rise until either the middle of the cycle (target) or the end of the cycle (vertical line). So please add Hurst cycles to your cocktail of methods for understanding 'when' an event is likely to take place, or at least give you a marginally higher percentage probability. Good luck. Follow and share for more.
Will KEYUSDT Bounce or Break? The Market's Crucial Moment!The crypto market often mirrors a roller coaster, and BYBIT-KEYUSDT.P is no exception. Currently priced at 0.0007485, the asset has plummeted 94.43% from its all-time high of 0.0134455 in March 2024, but it’s up 24.34% from its absolute low set just a month ago. Indicators like the RSI (40.58) and MFI (36.56) suggest the market is nearing oversold territory, while a narrowing gap between the MA50 (0.00092) and the current price highlights potential for a technical breakout.
Recent patterns reveal an intense struggle between buyers and sellers. The dominance of increased sell volumes over the past sessions has led many traders to question: Is this the calm before a bullish reversal, or the start of another leg down? With resistance looming at 0.001082, all eyes are on whether the asset can gather momentum to reclaim lost ground or if sellers will tighten their grip.
For traders seeking action, the stage is set. Will you capitalize on this key juncture, or watch as the market decides its next move? Either way, the opportunity is ripe.
Roadmap: The Story of BYBIT-KEYUSDT.P Through Patterns
1. January 7, 2025 – “Sell Volumes Max” (Direction: Sell)
The market opened at 0.001194 and closed at 0.0011535, showcasing intense selling pressure with a low of 0.00114. This pattern indicated a shift towards bearish sentiment. Interestingly, the price in the subsequent pattern aligned with this direction, confirming that sellers were in control. The next few bars validated the forecast, as the price continued its downward journey, further solidifying this bearish signal.
2. January 8, 2025 – “VSA Buy Pattern Extra 1st” (Direction: Buy)
As expected from this pattern, the market attempted a bullish comeback. Opening at 0.000993, the price initially struggled but closed higher at 0.000972 after testing a low of 0.000959. This was a clear move towards recovery, but it fell short of breaking significant resistance levels. Confirmation arrived as the subsequent pattern reflected further buying pressure, proving that bulls were regaining some footing.
3. January 10, 2025 – “Increased Buy Volumes” (Direction: Buy)
Here’s where things got exciting. The price opened at 0.0009775 and climbed to a close of 0.001068, rallying decisively after hitting a low of 0.000945. This pattern screamed bullish energy, with a strong confirmation seen in the subsequent bars. Buyers capitalized on this move, pushing the price to test higher resistance levels.
4. January 11, 2025 – “Buy Volumes Takeover” (Direction: Sell)
A shift in momentum was clear as the market opened at 0.0011125 but closed lower at 0.001072, signaling a potential fake-out or exhaustion of bullish power. The next bars saw prices aligning with the forecasted sell direction, validating this pattern’s call for caution.
5. January 17, 2025 – “Sell Volumes Max” (Direction: Sell)
The market turned bearish once again, with an opening price of 0.0010495 and a sharp close at 0.000944. Hitting a low of 0.000896, this pattern proved its worth as the next bars continued downward, showing that the selling wave had not yet lost steam.
Key Takeaways:
The roadmap reflects that bearish patterns like "Sell Volumes Max" consistently aligned with market direction, highlighting a reliable trend-following signal.
Bullish patterns struggled to break through key resistance levels but showed potential for short-term trades.
Momentum shifted between bulls and bears, creating pockets of opportunity for nimble traders.
Technical & Price Action Analysis: Key Levels to Watch
Here’s the breakdown of the make-or-break levels for BYBIT-KEYUSDT.P. These zones are where the action happens, and if they don’t hold, they’ll likely flip into resistance. Keep your eyes peeled for these hot spots!
Support Levels
0.000602 – The absolute low of the asset, touched recently. If this level gives way, expect it to become a solid resistance. 0.001082 – A critical support zone. If it doesn’t hold, bulls are likely to face a steep climb. 0.004257 – Not just support, but a psychological barrier. Failure here could turn it into a strong ceiling.
Resistance Levels
0.001082 – Doubling as support, but if the price can’t break back above, it’s game over for bulls at this level. 0.001476 – The next stop on the way up. If rejected, expect bearish vibes to dominate. 0.00538 – A major obstacle for any meaningful upside momentum.
Powerful Support Levels
0.004257 – All eyes are here. Losing this zone would spell trouble, as it’s one of the last defenses. 0.0057895 – A bounce from here could set up a strong rally, but a breakdown flips it into a bear’s playground. 0.0067375 – The line in the sand for bulls. Holding this is critical for regaining confidence.
Powerful Resistance Levels
No current data here, but watch for powerful zones to emerge once the price climbs closer to previous highs.
Pro Tip:
If these levels don’t hold, don’t panic. Just flip your mindset – these same levels will likely become strong resistance zones, perfect for fade plays or short setups. Stay sharp and trade what you see!
Concept of Rays: Trading Strategies and Scenarios
Let’s dive into the mechanics of trading using Fibonacci Rays, the dynamic levels built on precise mathematical principles. These rays define boundaries of movement channels and provide high-probability setups for trading key price interactions.
How Rays Work in Trading
Fibonacci Rays define zones of interaction, creating a system of dynamic support and resistance levels.
Price movements tend to follow rays, and interaction often signals whether to expect a reversal or continuation.
Dynamic factors like Moving Averages (MA50, MA100, MA200) further confirm key zones, enhancing accuracy.
The strategy: Wait for price to interact with a ray and exhibit clear movement in the direction of the ray, targeting the next ray.
Two Trading Scenarios
Optimistic Scenario :
The price reacts positively to support rays and continues upward, interacting with ascending Fibonacci Rays and moving averages. Targets align with resistance rays.
Entry: After interaction with Support 0.001082 and confirmation from MA50 at 0.00092, enter long.
First Target: Resistance at 0.001476 (next ray level).
Second Target: Powerful resistance near 0.00538 (further ray projection).
Third Target: Upper limit of movement at 0.0067375 if momentum sustains.
Pessimistic Scenario :
Price fails to hold support rays and breaks below, aligning with descending Fibonacci Rays. Each broken ray acts as resistance for potential short setups.
Entry: After price breaks below 0.001082 and closes under MA50 and MA100.
First Target: Powerful support at 0.000602 (next ray level).
Second Target: Deep retracement towards 0.004257, now acting as resistance.
Third Target: Collapse towards absolute lows below 0.000602, if selling momentum dominates.
Dynamic Trading Ideas Based on Ray Interactions
Bounce from MA50 and Ray Support: If price interacts with 0.00092 and shows strong buying signals, go long towards the next ray.
Break and Retest of Resistance Rays: If 0.001476 is broken and retested with confirmation, aim for 0.00538.
Sell-off after Ray Break: If price breaches 0.001082, wait for a retest and short towards 0.000602.
Range Trading Between Rays: Play the levels between 0.001476 and 0.00538 during a sideways market, watching for clear rejection or breakout signals.
Key Points for Execution
Always wait for interaction with rays and dynamic confirmation (e.g., MA alignment).
Move stops to breakeven after hitting the first target.
Targets are sequential: from ray to ray, ensuring flexibility in both scenarios.
Trade Smart and Flexible : Let the rays guide your entries and exits while keeping an eye on volume and momentum. Remember, every ray interaction is an opportunity!
Your Turn: Let’s Keep the Conversation Going!
Got questions or want to dive deeper into the analysis? Drop your thoughts in the comments below—I’m here to chat and explore with you. Don’t forget to Boost this idea and save it for later to track how the price respects my mapped levels. Watching these movements unfold is the essence of trading mastery!
By the way, my proprietary indicator handles all these rays and levels automatically, making the process seamless. If you’re curious about using it, feel free to reach out via private messages. Let’s discuss how it can become part of your trading toolkit.
Looking for custom analysis? I’m open to analyzing any asset you’re interested in. Some of it I share openly, but if you prefer a private breakdown tailored just for you, we can work something out. Trust me—these rays work across all markets, and I’d be happy to create a setup that fits your needs.
Finally, don’t miss out on future insights! Follow me here on TradingView, where I post all my updates and ideas. Your support and engagement keep this community thriving, and I can’t wait to hear your thoughts.
Let’s trade smart, stay connected, and grow together! 🚀
EURO - Price can correct to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to flat, where it some time traded between $1.0460 level and top part of flat.
Later, when price reached top part of flat again, it turned around and started to decline, and soon broke $1.0460 level.
Price exited from flat and continued to decline in falling channel, where it some time traded near resistance area first.
Next, Euro dropped to support level, after which at once bounced up to resistance line of channel and then fell back.
Also, price fell to support line of channel, but soon backed up and now trades close to $1.0260 level.
In my mind, Euro can fall to support area and then bounce up to $1.0380 support line of falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
NAS100 Will Go Higher! Buy!
Please, check our technical outlook for NAS100.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 21,543.12.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 22,044.19 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Will Go Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 30.469.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.385 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPJPY Is Very Bullish! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 190.065.
Considering the today's price action, probabilities will be high to see a movement to 191.727.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
NQ1! BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NQ1! is making a bearish pullback on the 9H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 21,655.25 level.
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US INAUGURATION & BTCAs the second Trump era begins, this is how Bitcoin looks:
- BTC new ATH in the run up to inauguration and highest ever weekly close. I believe this was in anticipation for Trumps acceptance speech to mention Bitcoin and or the strategic reserve. That did not happen and so we've seen a selloff wick down to Midpoint with price settling at 0.75 in the range.
Typically, wicks get filled and so I would like to see price steadily reach the midpoint and then begin to show some strength before looking to go LONG. That all changes if we see a crypto specific executive order signed in the coming hours/days we should then see a move back to the highs.
- 4H 200 EMA is always an important level for the Bullrun, the vast majority of altcoins are under the 4H 200 EMA thanks to liquidity being drawn out into BTC and Solana memecoin craze.
- Bitcoin is still leading the greater market but I do expect rotation into strong US based altcoins within the next few weeks going into the later part of Q1. Some key alts that fit that category are SOL, SUI, LINK, ONDO, XRP, ENS, and many more.
It's important to remember this is a marathon not a sprint and I fully expect progress to be made but it may not be linear, until we have broken out of the range in the chart and move into a clear trend environment BTC should be treated as such by trading instead of buying and holding.
ABBV - Are you Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ABBV has been in a correction phase and it is currently approaching the lower bound of the red and blue channels.
Moreover, the green zone is a strong round number $150 and structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ABBV approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
xrp ripple long longterm"🌟 Welcome to Golden Candle! 🌟
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20/01/25 Weekly outlookLast weeks high: $106,467.97
Last weeks low: $89,292.15
Midpoint: $97,880.06
The Trump era begins...
January 20th 2025 is the date in which America sees its new Republican administration take office. An administration that has promised to embrace crypto instead of demonise it, one that wants the future of crypto to be built in the US, so far Trumps picks for SEC chairman and other important related roles have reflected that pro-crypto belief.
However, launching a $TRUMP memecoin and the subsequent $MELANIA memecoins just moments before inauguration in my opinion is a very bad start. Not only did the launch of TRUMP draw out liquidity from the altcoin market, it also damages the broader market just from an optics point of view. The general publics perception of crypto is it's full of scams, pump and dumps etc so to try and change the general publics mind the answer is to... Launch a memecoin...
Now I'm fully aware Donald Trump himself probably has very little to do with this, just like most celebrity memecoins but I just don't see how this is a positive start for the administration in proving their pro-crypto stance.
Bitcoin did have its highest weekly close of all time @ $106,500, which was $2000 higher than the previous ATH. +20% move from weekly low to high in anticipation for the potential Bitcoin strategic reserve announcement. Avoiding a SFP similar to that of week commencing January 6th will be a priority for BTC, we are in a rangebound environment so a SFP can have the potential to drop back down and undo a lot of the previous weeks progress. Until BTC breaks the rangebound environment and begins a trending move I will treat it as such.
For this week I'm keeping a close eye on the Liberty Financial portfolio (ETH,AAVE,LINK,ONDO,ENS) & US based majors (SOL,SUI,AVAX, ADA, STX,INJ) etc. The play is definitely coins that will be directly influenced by this new US administration, at least for now I cannot see any liquidity go towards any other coins for the time being.
DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 109.412.
Considering the today's price action, probabilities will be high to see a movement to 110.871.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,706.25.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GOLD - Price can fall a little and then continue to move up nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle.
In this pattern, price at once made an upward impulse to resistance area and then made correction movement.
After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area.
Then Gold turned around and dropped to support area, after which started to grow inside a rising channel.
In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area.
So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 110.323 level.
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$PDD has 50-60% upside from $100- NASDAQ:PDD has solid growth and temu is currently launching into new regions with TAM increasing with each entered zone.
- Chinese equities are dirt cheap and have performed badly in last 4 years. Trump was seen as detrimental for chinese equities. However, I will play the devil's advocate here and say Trump will be good for China. If US wants to prosper then it's better to sort deals and grow together vs making china as enemy economically.
- Lot of companies of US have manufacturing in China and Chinese consumers especially middle class is getting stronger thus offering selling opportunities for US companies.
- China will ease monetary policy to revive the demand and consumption which should boost economy